Search results for " Retail Market"
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Managing the liberalization of Italy's retail electricity market: A policy proposal☆
2020
Abstract Italy will phase out electricity retail price regulation by July 1st, 2020. Until then, residential customers and small businesses who do not choose their supplier are served under a regulated tariff named “maggior tutela” (greater protection), supplied by the local distributor at a price set by the regulator. We review the literature on electricity retail competition – with particular regard to its expected effects on prices, innovation, and customer engagement – and the conditions under which competition is expected to deliver benefits. We perform a Structure-Conduct-Performance analysis of Italy's retail electricity market for residential customers, finding two issues potentiall…
Managing the liberalization of Italy’s retail electricity market: a policy proposal
2017
Italy’s 2015 Annual Competition Law2 provides for phasing out electricity retail prices regulation by July 1st, 2019. Under the current regulatory framework, compliant with the EU regulations,3 all electricity customers are free to choose their preferred supplier. However, residential customer and small and medium enterprises (SMEs)4 retain a right “not to choose”, in which case they are supplied by the local distribution system operator (DSO)5 at a price set by the regulator. This (transitional) scheme, known as “maggior tutela” or “greater protection”, has been in place since July 1st, 2007 . Full liberalization of retail electricity markets is strongly advocated by the EU Commission, as …